Synopses & Reviews
Commentary on the financial crisis has offered technical analysis, political finger pointing, and myriad economic and political solutions. But rarely do these investigations reach beyond the economic and political causes of the crisis to
explore their underlying intellectual grounds. The essays in this volume delve deeper into the cultural and intellectual foundations, philosophical ideas, political traditions, and economic movements that underlie the greatest financial crisis in nearly a century. Moving beyond traditional economic and political science approaches, these essays engage thinkers from Hannah Arendt to Max Weber and Adam Smith to Michel Foucault.
With Arendt as a catalyst, the authors probe the philosophical as well as the cultural origins of the great recession. Orienting the volume is Arendt's argument that past financial crises and also totalitarianism are rooted, at least in part, in the tendency for capital to expand its reach globally without regard to political and moral borders or limits. That politics is made subservient to economics names a cultural transformation that, in the spirit of Arendt, guides these essays in making sense of our present world.
Including articles, interviews, and commentary from leading scholars and business executives, this volume offers views that are as diverse as they are timely. By reaching beyond "how" the crisis happened to "why" the crisis happened, the authors re-imagine the recent financial crisis and thus provide fresh thinking about how to respond.
"A novel, intriguing and fruitful angle from which to approach the recent financial crisis."-Gary Mongiovi, St. John's University
"An important contribution to the discussions about the origins and character of the financial crisis."-Jacob Dahl Rendtorff, Roskilde University
About the Author
is Director of the Hannah Arendt Center for Politics and Humanities at Bard College, where he is also Associate Professor of Human Rights and Political Studies. He has written and edited several books, including The Gift of Science: Leibniz and the Modern Legal Tradition
and Thinking in Dark Times: Hannah Arendt on Ethics and Politics
(Fordham). He co-edits the Fordham book
series Just Ideas.
Taun N. Toay is a Research Analyst at the Levy Economics Institute and a Visiting Lecturer in economics at Bard College. He has written and co-written articles on subjects ranging from direct job creation in Greece and South Africa to the destabilizing impacts of euro-adoption.
Table of Contents
Introduction: The Burden of Our Times
Part I: Hannah Arendt and the Burden of Our Times
1. Imperialism and the Current Financial Crisis
Tracy B. Strong
2. No Revolution Required
3. Disdain for Politics and the Financial Crisis
Part II: Business Values and The Financial Crisis
4. Capitalism, Ethics, and the Financial Crash
5. An Interview with Paul Levy
6. An Interview with Vincent Mai
7. Brazil as a Model?
Alexander R. Bazelow
8. Interview with Raymundo Magliano Filho
9. Roundtable: The Burden of Our Times
Raymond Baker, Rebecca Berlow, Jack Blum, Zachary Karabel, Thomas Scanlon, and Taun Toay
Part III: The Crisis of Economics
10. The Roots of the Crisis
Sanjay G. Reddy
11. Where Keynes Went Wrong
12. Managed Money, the "Great Recession" and Beyond
Dimitri B. Papadimitriou
13. Turning the Economy into a Casino
David B. Matias and Sophia V. Burres